Did you live in this home during the year? Yes □ No □
If yes, was this your: Main home □ or 2nd home □?
What percentage of time was the property rented for the year? _________
How many days was the property used for personal purposes during the
year? ____________

Did you actively participate in the operation of this rental ? Yes □ No
□

Is all of your investment at risk? Yes □ No □

Did you sell this property in 2007?

Are you a real estate professional who worked 500 hours or more in real
estate for the year? Yes □ No □

Income

$

ExpensesContinued

$

Rents received

Interest- Other

Non-refundable Deposits received

Supplies

Refundable rental deposits received

Taxes

Rental deposits that were forfeited by tenants

Utilities -Electric

Value of service or Property received in lieu of rent

Utilities -Garbage

Rents refunded

Utilities -
Gas

Expenses

Utilities -Other

Advertising

Utilities -Water

Auto & Travel

Association Dues/Fees

Cleaning & Maintenance

Telephone, Cell, Internet

Commissions

Pest Control

Insurance

Other Expenses

Legal & Professional

Management Fees

Interest -Mortgage

Repairs

Asset
Depreciation Worksheet

•

You must report the purchase and
disposition of all assets you used in your business.